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The Office of Foreign Assets Control (OFAC) is issuing regulations to implement Executive Order 13851 of November 27, 2018 (“Blocking Property of Certain Persons Contributing to the Situation in Nicaragua”). These regulations are currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on September 4, 2019. OFAC intends to supplement this part 582 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy.
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